Best and SAFEST off shore savings accounts

I have been looking into an off shore Regular Saver account with AMICUS invest. The option im looking at is the 3 year term giving an 8% return. This seemd too good to be true.

Has anyone had any dealings with this company?

Comments

  • PeacefulWaters
    PeacefulWaters Posts: 8,495 Forumite
    edited 22 February 2014 at 9:20AM
    Never heard of them.
    Payments can be made in all major currencies. Interest payable is the same despite of the currency choice.
    A remarkable achievement.
    Amicus Investment Ltd does not have office in Switzerland or offer any investment services in or from Switzerland.
    Their postal address:
    Amicus Investment Ltd
    Swiss Post Box: 102827
    Zürcherstrasse 161
    CH - 8010 Zürich
    Switzerland

    Where are they really based?
    Amicus Investment Ltd’s office is located in the premises of Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.

    An area of growth according to the BBC:
    http://www.bbc.co.uk/news/blogs-news-from-elsewhere-26275034

    If it looks to good to be true it probably is.
    Are you covered by any statutory or governmental Investors Protection Scheme?

    Amicus Investment Ltd invests its funds further to Amicus Global Income Fund (AGIF). The underlying investment portfolio is well diversified between various asset classes and it has a long-term solid performance. The Fund’s risk profile is balanced with expectation of average annual net return between 8-12% in 5 years investment horizon. Based on this Amicus Investment Ltd is able to guarantee the agreed fixed returns to its clients investing into Amicus Guaranteed Investment Agreements. We are not covered by any Investors Protection Scheme as such.

    I also like:
    How is Amicus Global Income Fund regulated?

    Amicus Global Income Fund Ltd (AGIF) is registered in The Republic of Liberia as a single investor fund according to its rules. The registration No. is C-116639. Amicus Investment Ltd is the only investor in AGIF on behalf of its clients.

    We have a Liberian registered company based in a group of islands in the middle of the Pacific with a population smaller than Hemel Hempstead, using a Swiss address and promising guaranteed returns five times the market norm with no investor protection underpinning those guarantees and delivering those returns in the currency of your choice regardless of exchange rate risks.

    I'm out!
  • These were exactly the concerns that I had. You can't pin them down and are not regulated. I'll look elsewhere. Many thanks.
  • Voyager2002
    Voyager2002 Posts: 16,111 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    jhotspur wrote: »
    I have been looking into an off shore Regular Saver account with AMICUS invest. The option im looking at is the 3 year term giving an 8% return. This seemd too good to be true.

    Has anyone had any dealings with this company?

    Why do you want an off-shore account? Do you come from Cyprus, by any chance?
  • No, im a british citizrn living in Hong Kong.
  • masonic
    masonic Posts: 26,696 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    colsten wrote: »
    WOW, second person specially signing up to assure us they are Legal (I noted the upper case L). And this one has even "had a good experience with their..." - I presume we can just fill in the blanks?
    What a good idea!

    Nano_nano wrote: »
    It is Legal, me too i have had a good experience with their...
    patented international wealth relief system.
    Good Interests, good customer's assist...
    who for no extra charge added my name and address to a suckers list.
    And I'm not a spammer I guess...
    because scammers and spammers are not quite the same thing, even though they sound very similar.
  • badger09
    badger09 Posts: 11,544 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    colsten wrote: »
    WOW, second person specially signing up to assure us they are Legal (I noted the upper case L). And this one has even "had a good experience with their..." - I presume we can just fill in the blanks?

    Well, I am sold, where do I sign.
    masonic wrote: »
    What a good idea!

    patented international wealth relief system.

    who for no extra charge added my name and address to a suckers list.

    because scammers and spammers are not quite the same thing, even though they sound very similar.

    Oh when did you both become so cynical?

    I was hoping Nn would stay a little longer so he could take over my computer and fix it for me, before helping me with that transfer from Nigeria and the multiple PPI and personal injury payments to which I'm apparently entitled ;)
  • masonic
    masonic Posts: 26,696 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    badger09 wrote: »
    I was hoping Nn would stay a little longer so he could take over my computer and fix it for me, before helping me with that transfer from Nigeria and the multiple PPI and personal injury payments to which I'm apparently entitled ;)
    Don't worry, I'm sure there'll be another one along shortly.
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